The calculations below outline how an intrinsic value for
Evrim Resources
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

PRICE RELATIVE TO MARKET

We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for
Evrim Resources's
earnings,
growth
and
assets
is considered below, and whether this is a fair price.

Price based on past earnings

Are
Evrim Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?

Future Performance

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Evrim Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.

Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
it right!

33.3%

Expected Metals and Mining industry annual growth in earnings.

Earnings growth vs Low Risk Savings

Is
Evrim Resources
expected to grow at an
attractive
rate?

Unable to compare Evrim Resources's earnings growth to the low risk savings rate as no estimate data is available.

Growth vs Market Checks

Unable to compare Evrim Resources's earnings growth to the Canada market average as no estimate data is available.

Unable to compare Evrim Resources's revenue growth to the Canada market average as no estimate data is available.

High Growth Checks

Unable to determine if Evrim Resources is high growth as no earnings estimate data is available.

Unable to determine if Evrim Resources is high growth as no revenue estimate data is available.

Past and Future Earnings per Share

The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.

Past performance checks

We assess
Evrim Resources's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)

Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)

Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)

Is the Return on Equity (ROE) higher than 20%? (1 check)

Is the Return on Assets (ROA) above industry average? (1 check)

Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)

The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Evrim Resources
has a total score of
0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Management

Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.

CEO

PaddyNicol

COMPENSATION

CA$250,734

AGE

48

TENURE AS CEO

8.3 years

CEO Bio

Mr. John Patrick Nicol, also known as Paddy, MBA, has been Chief Executive Officer and President of Evrim Resources Corp. since December 23, 2010. Mr. Nicol served as the Chief Executive Officer and President at Avaranta Resources Ltd., since December 23, 2010. He served as the Chief Financial Officer at Maritime Resources Corp. since October 2010 until December 2010 and served as its Secretary from October 2010 to November 24, 2010. He served as the Chief Financial Officer of Abacus Mining & Exploration Corporation since January 1, 2008 until January 2011 and also served as its Senior Vice President until January 2011. He served as the Chief Financial Officer of Calico Resources Corp. from June 28, 2007 to December 2010. He has over ten years experience in public company management. He served as a Manager of Abacus Mining & Exploration Corporation from 1995 to June 2005 and the Chief Financial Officer of Skygold Ventures Ltd. since July 2005. He served as the Chief Financial Officer of Redstar Gold Corp. from June 2006 to February 1, 2011 and its Manager from 1996 to June 2005. He served as the Chief Financial Officer of Spanish Mountain Gold Ltd until February 2, 2010. He served as the Chief Financial Officer and Secretary of BMB Capital Corp. from March 2008 to September 2009. He served as the President and Chief Executive Officer of Niblack Mining Corp. During his tenure, He developed an extensive network of contacts throughout the institutional and retail investment community. He has been a Director of PowerNova Technologies Corporation since August 24, 2009 and Evrim Resources Corp. since December 23, 2010. He served as a Director and/or Officer of a number of TSX Venture issuers including Niblack Mining from April 2005 to October 2008. He served as a Director of Calico Resources Corp. from October 12, 2006 to December 2010. He served as a Director of Redstar Gold Corp. from June 28, 2002 to February 1, 2011 and Avaranta Resources since December 23, 2010. He served as a Director of Abacus Mining & Exploration Corporation from June 29, 1999 to September 2009. He served as a Director of Niblack Mining Corp. since November 30, 2004. He served as a Director at Cobre Exploration Ltd. Mr. Nicol received an MBA in Management Consulting in 2005 from Royal Roads University.

CEO Compensation

Paddy's compensation has increased whilst company is loss making.

Paddy's remuneration is higher than average for companies of similar size in Canada.

Management Team Tenure

Average tenure of the
Evrim Resources
management team in years:

5.1

Average Tenure

The average tenure for the Evrim Resources management team is over 5 years, this suggests they are a seasoned and experienced team.

Management Team

Paddy Nicol

TITLE

President

COMPENSATION

CA$251K

AGE

48

TENURE

8.3 yrs

Mahesh Liyanage

TITLE

Chief Financial Officer

COMPENSATION

CA$217K

TENURE

5.7 yrs

Stewart Harris

TITLE

Vice President of Technical Services

COMPENSATION

CA$185K

TENURE

4.6 yrs

Charles Funk

TITLE

Vice President of New Opportunities & Exploration

COMPENSATION

CA$237K

TENURE

2.9 yrs

Jefferson Chambers

TITLE

Chief Geoscientist

TENURE

8 yrs

Rosana Batista

TITLE

Corporate Secretary

TENURE

1.2 yrs

Board of Directors Tenure

Average tenure and age of the
Evrim Resources
board of directors in years:

6.8

Average Tenure

56

Average Age

The tenure for the Evrim Resources board of directors is about average.

News

Simply Wall St News

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Do Institutions Own Evrim Resources Corp. (CVE:EVM) Shares?

A look at the shareholders of Evrim Resources Corp. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Evrim Resources is a smaller company with a market capitalization of CA$27m, so it may still be flying under the radar of many institutional investors.

Evrim Resources Corp. (CVE:EVM) Insiders Have Been Selling

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in Evrim Resources Corp. … Evrim Resources Insider Transactions Over The Last Year

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Paddy Nicol's Compensation Compare With Similar Sized Companies. … is worth CA$26m, and total annual CEO compensation is CA$251k.

Before You Buy Evrim Resources Corp (CVE:EVM), Consider Its Volatility

Volatility is considered to be a measure of risk in modern finance theory. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Why Evrim Resources Corp's (CVE:EVM) CEO Salary Matters To You

Paddy Nicol is the CEO of Evrim Resources Corp (CVE:EVM), which has recently grown to a market capitalization of CA$90.46m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … See our latest analysis for Evrim Resources

Company Info

Description

Evrim Resources Corp. operates as a mineral exploration company in Mexico, southwestern United States, and western Canada. It primarily explores for copper, gold, silver, molybdenum, and precious and base metal deposits. The company owns a 100% interest in the Axe project covering an area of 4,938 hectares located in south central British Columbia, Canada. It also has interests in various projects located in Sonora, Durango, and Sinaloa states in Mexico. The company was formerly known as Avaranta Resources Ltd. and changed its name to Evrim Resources Corp. in December 2010. Evrim Resources Corp. was incorporated in 2005 and is headquartered in Vancouver, Canada.

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